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Monday, January 19, 2009

Martin Luther King, Jr. (1929-1968)

"The time is always right to do what is right."

Martin Luther King, Jr.



ralph said...

Thanks for sharing the MLK pic. It is interesting that in our darkest hour, an indomitable light always emerges from the darkness.

Regarding trading: what are your basic exit rules? A lot is written on entries, but so few articles on exits. Hope you can shed some light on this overlook topic.

Thanks, Ralph

Trader-X said...


I don't think I overlook exits; if you read through the blog you will see my emphasis is on taking profits at key levels - particularly the FE or a set dollar amount after a big move.

Exits are far more important than entries, and I originally became interested in Fibonacci to solidify my exits.

Take a look at the trades posted prior to my hiatus...with few exceptions I document where I took my exit and why.